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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)
THNS 0.00Jun 7 5:00 PM EST

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To: dharampal luthra who wrote (69)7/6/1998 1:49:00 AM
From: TechnoWiz  Read Replies (1) of 15313
 
Harry: With the diminishing float moving into to strong and / or long hands, it would appear to me that allowing for under-reporting and reluctance to disclose personal holdings etc., the figure could be much closer to 8 million or even higher.

This would tend to imply that the float is getting fairly tight and there are fewer and fewer available shares in any meaningful size...as evidenced by the fact that a number of people have found some difficulty in acquiring any size.

This means in the event of a buying stampede with attendant high volume breakout, the stock could move extremely sharply higher in a truncated time-period. If any of Radim's recent ideas hold true, the stage could be set within hours or days. The technical picture remains constructive and the outlook continues positive.

I've posted some additional thoughts...here's the link for your convenience:

Message 5104021

Have a great evening

Rgds

Wiz
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